The 2008 global economic crisis has shattered many people’s sense of safety and identity.. People have become unemployed; some have lost assets accumulated over decades of hard work, others have lost their family homes and for most this has happened almost overnight..
Professionals in finance or banking, the building and other industries sensitive to the economic downturn, face an uncertain future regarding job security. People who have lost employment are joining many other people competing for the same few financial and banking jobs.
In times like this, it is almost inevitable that even the soundest or calmest mind may experience stress and could feel unsettled.. For some, the stress might become overwhelming.. This feeling can manifest in many ways including sleeplessness, constant worry, anger, resentment, tearfulness, agitation, and could lead to constant anxiety, a feeling of powerlessness and depression..
If you are suffering from some of these symptoms and they are causing you distress,
or if they continue without improvement, professional help from a trained counsellor/psychotherapist will most likely be the wisest investment to restore your emotional and physical health…
When speaking with people who present with symptoms of stress, anxiety or depression, psychotherapists may uncover financial issues as a concern.. People sometimes report feelings of high levels of stress and anxiety associated with their financial commitments and monetary pressures.. We bear the brunt of financial responsibility for our family, and we identify at least a part of our success and confidence with our ability to provide for ourselves and our loved ones..
In times where one’s financial situation changes, financial pressures can be acute.. High credit card debts, difficulty repaying your mortgage, job loss, loss of business income, a reduction in retirement funds and a decreased value of investments can all have a very real impact on your lifestyle and financial security.. Financial pressure can also be felt
when there is a fear or threat (real or imagined) of financial instability..
Common emotional responses to these types of financial pressures include:-
– muscular tension
– feelings of inadequacy, powerlessness, helplessness
– anger and angry responses
– withdrawing from friends and partners
– grief over a sense of loss
– feelings of sadness or despair
– and in severe cases, suicidal thoughts or actions.
Support from a professional counsellor/psychotherapist can help to ease the stress, anxiety and other symptoms associated with financial pressure or financial crisis.. Counselling could help to lessen the emotional and psychological impact of financial crisis by discussing the underlying cause of your symptoms and by enabling you to find your own techniques that may help to reduce or minimize the impact of your stress and anxiety..
Paradoxically, psychotherapy can help you save money in the long term, by investing in yourself, gaining inner strength, developing your relationship with yourself and thereby exploring what is really important to you, rather than being driven by status or indulging in ‘retail therapy’ to help you feel better.
Counselling with a qualified counsellor/psychotherapist is particularly important if you have been experiencing any of the above symptoms for an extended period of time, or if you are finding that they are significantly impacting on your relationships or way of life..